I'm on the fence-help push me to a side---
Here's the deal--- accepted offer for 42,500 in upstate ny. Buy and hold ---
Cozy (small ) 3 bedrm, 1 bath, basement:
Pros: * Rent will be almost 2% of PP ($ 750-800 )
*Recent upgrades include: siding, windows, furnace,floors, kitchen appic.
all in past 7 years
* B or B- area
Cons: *Corner lot (?)
* Not the most attractive block in the hood due to 4 of 7 homes being
seasonal cabins, (incl 2 abandoned ones)
* Will be hard to re-sell due to the way it looks (modern-- not cute cabin , rustic look is what buyers in that area want).
Thoughts very appreciated!